Atlas Capital Advisors Inc. acquired a new position in shares of Annaly Capital Management Inc (NYSE:NLY - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 17,089 shares of the real estate investment trust's stock, valued at approximately $347,000.
Other institutional investors and hedge funds have also bought and sold shares of the company. Jupiter Wealth Management LLC increased its stake in shares of Annaly Capital Management by 3.4% in the fourth quarter. Jupiter Wealth Management LLC now owns 15,035 shares of the real estate investment trust's stock valued at $275,000 after buying an additional 492 shares during the period. International Assets Investment Management LLC increased its position in Annaly Capital Management by 3.2% during the 1st quarter. International Assets Investment Management LLC now owns 23,222 shares of the real estate investment trust's stock valued at $472,000 after purchasing an additional 725 shares during the period. Bessemer Group Inc. increased its position in Annaly Capital Management by 11.7% during the 1st quarter. Bessemer Group Inc. now owns 7,731 shares of the real estate investment trust's stock valued at $157,000 after purchasing an additional 811 shares during the period. United Advisor Group LLC boosted its holdings in shares of Annaly Capital Management by 1.5% during the 1st quarter. United Advisor Group LLC now owns 58,873 shares of the real estate investment trust's stock worth $1,196,000 after buying an additional 847 shares in the last quarter. Finally, IFP Advisors Inc boosted its holdings in shares of Annaly Capital Management by 12.7% during the 1st quarter. IFP Advisors Inc now owns 7,576 shares of the real estate investment trust's stock worth $154,000 after buying an additional 855 shares in the last quarter. Institutional investors own 51.56% of the company's stock.
Annaly Capital Management Stock Performance
Annaly Capital Management stock traded down $0.09 during midday trading on Thursday, reaching $20.78. The stock had a trading volume of 3,033,231 shares, compared to its average volume of 7,768,566. Annaly Capital Management Inc has a 12 month low of $16.59 and a 12 month high of $22.11. The firm's 50-day moving average price is $19.79 and its 200 day moving average price is $19.92. The firm has a market capitalization of $13.34 billion, a PE ratio of 20.57, a P/E/G ratio of 4.88 and a beta of 1.20. The company has a quick ratio of 0.11, a current ratio of 0.11 and a debt-to-equity ratio of 0.21.
Annaly Capital Management (NYSE:NLY - Get Free Report) last announced its quarterly earnings data on Wednesday, July 23rd. The real estate investment trust reported $0.73 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.72 by $0.01. Annaly Capital Management had a return on equity of 15.53% and a net margin of 13.76%. The business had revenue of $273.20 million for the quarter, compared to analysts' expectations of $237.00 million. As a group, research analysts predict that Annaly Capital Management Inc will post 2.81 earnings per share for the current fiscal year.
Annaly Capital Management Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Thursday, July 31st. Shareholders of record on Monday, June 30th were issued a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 13.5%. The ex-dividend date of this dividend was Monday, June 30th. Annaly Capital Management's payout ratio is presently 277.23%.
Wall Street Analyst Weigh In
NLY has been the topic of a number of recent research reports. UBS Group reiterated a "neutral" rating and issued a $20.00 target price (up from $18.00) on shares of Annaly Capital Management in a report on Thursday, July 10th. JPMorgan Chase & Co. dropped their price objective on Annaly Capital Management from $21.00 to $19.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 16th. Jones Trading restated a "buy" rating and set a $21.00 price objective on shares of Annaly Capital Management in a research note on Thursday, July 24th. Piper Sandler dropped their price objective on Annaly Capital Management from $21.50 to $21.00 and set an "overweight" rating on the stock in a research note on Friday, May 2nd. Finally, Keefe, Bruyette & Woods lifted their target price on Annaly Capital Management from $20.50 to $21.50 and gave the stock an "outperform" rating in a research note on Friday, July 25th. Three research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $20.72.
View Our Latest Research Report on Annaly Capital Management
About Annaly Capital Management
(
Free Report)
Annaly Capital Management, Inc, a diversified capital manager, engages in mortgage finance. The company invests in agency mortgage-backed securities collateralized by residential mortgages; non-agency residential whole loans and securitized products within the residential and commercial markets; mortgage servicing rights; agency commercial mortgage-backed securities; to-be-announced forward contracts; residential mortgage loans; and agency or private label credit risk transfer securities.
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